Sforex
Long

USDCHF next week.

FX:USDCHF   U.S. Dollar / Swiss Franc
86 0 3
Actually, USDCHF             is a pair which is very easy to trade because Swiss franc             links to GOLD             price : 25% of Switzerland's reserves are backed by GOLD             . If Gold             is up, CHF is bought and vice versa.

Gold             is now under sell-off pressure because gold             is anti-dollar, when USD is stronger, gold             is sold and vice versa. FED taper also contributes to sell-off pressure of gold             , and this would transfer to USDCHF             next week.

Currently, I have a LONG position of USDCHF             to 23.6% Fib retracement I show on the chart : 0.8970

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